Webull (NASDAQ:BULL) Trading Up 7.1% – Here’s What Happened

Webull Corporation (NASDAQ:BULL)’s share price was up 7.1% during trading on Thursday . The company traded as high as $9.67 and last traded at $9.6420. Approximately 2,571,377 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 12,398,712 shares. The stock had previously closed at $9.00.

Analysts Set New Price Targets

BULL has been the topic of a number of recent analyst reports. Scotiabank initiated coverage on Webull in a research note on Wednesday. They issued a “sector perform” rating and a $9.00 target price on the stock. Weiss Ratings upgraded Webull from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 19th. Rosenblatt Securities reiterated a “buy” rating and issued a $15.00 target price on shares of Webull in a report on Friday, August 28th. Finally, Wall Street Zen raised shares of Webull from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $11.00.

Webull Stock Down 2.6%

The company’s 50 day moving average price is $7.88 and its 200 day moving average price is $6.73. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 121.77 and a beta of 0.58.

Webull (NASDAQ:BULL) last announced its quarterly earnings data on Wednesday, August 19th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.11. Webull had a return on equity of 5.95% and a net margin of 6.26%.The business had revenue of $198.83 million for the quarter. Webull’s revenue was up 51.2% compared to the same quarter last year. As a group, analysts expect that Webull Corporation will post 0.14 earnings per share for the current year.

Insiders Place Their Bets

In other Webull news, General Counsel Benjamin James sold 50,273 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $9.02, for a total value of $453,462.46. Following the completion of the transaction, the general counsel directly owned 1,150,991 shares of the company’s stock, valued at approximately $10,381,938.82. The trade was a 4.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Anthony Michael Denier sold 53,848 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $8.83, for a total value of $475,477.84. Following the completion of the transaction, the president directly owned 2,332,295 shares of the company’s stock, valued at $20,594,164.85. The trade was a 2.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 35.00% of the company’s stock.

Hedge Funds Weigh In On Webull

Institutional investors have recently made changes to their positions in the company. Legal & General Group Plc purchased a new stake in Webull during the third quarter worth $26,000. Osaic Holdings Inc. purchased a new position in Webull in the second quarter valued at $30,000. Los Angeles Capital Management LLC purchased a new position in Webull in the fourth quarter valued at $34,000. Ritter Alpha LP acquired a new position in shares of Webull in the first quarter worth about $48,000. Finally, Versant Capital Management Inc raised its position in shares of Webull by 79.8% in the second quarter. Versant Capital Management Inc now owns 7,335 shares of the company’s stock worth $48,000 after acquiring an additional 3,255 shares during the period. 92.48% of the stock is owned by hedge funds and other institutional investors.

Webull Company Profile

Webull Financial LLC is a commission-free online brokerage platform that provides individual investors with access to U.S. equities, exchange-traded funds (ETFs), options, and cryptocurrencies. Through its mobile and desktop applications, the company offers real-time market data, advanced charting tools, customizable watchlists, and streamlined order execution. Webull’s platform is designed to support both self-directed traders and investors seeking an intuitive interface coupled with professional-grade analytics.

In addition to its core trading services, Webull delivers educational resources and research tools to help users make informed decisions.